Lyft Announces President Kristin Sverchek To Depart As Employee Effective August 20, 2024
Portfolio Pulse from Benzinga Newsdesk
Lyft has announced that its President, Kristin Sverchek, will depart as an employee effective August 20, 2024. She will continue to serve as a nonemployee advisor until November 30, 2024. The departure is not due to any dispute or disagreement with the company.
July 23, 2024 | 8:28 pm
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Lyft's President Kristin Sverchek will leave her role as an employee on August 20, 2024, but will remain as a nonemployee advisor until November 30, 2024. The departure is amicable and not due to any disputes.
The departure of a high-ranking executive like the President can have significant implications for a company. However, since the departure is amicable and she will continue to serve as an advisor, the immediate impact on Lyft's stock price is likely to be neutral.
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